Victoria's Secret & Co. raises 2025 outlook as Q3 sales rise 9% to $1.472 billion
Victoria's Secret & Co. reported third-quarter 2025 net sales of $1.472 billion, up 9% from a year earlier and above its previous guidance range of $1.390 billion to $1.420 billion, and raised its full-year 2025 outlook. The company still reported a GAAP net loss of $37 million, or $0.46 per diluted share, for the quarter, though this was smaller than the $56 million loss, or $0.71 per share, a year earlier. The higher full-year forecast for net sales and adjusted earnings per share is a positive sign for shareholders, but reported GAAP results for the quarter remained negative.
Key points
- Third-quarter net sales of $1.472 billion rose 9%, with comparable sales up 8%.
- Adjusted net loss was $22 million, or $0.27 per diluted share, better than the guidance range of $0.55 to $0.75 per share loss.
- Full-year 2025 net sales guidance raised to $6.450 billion to $6.480 billion from $6.330 billion to $6.410 billion.
- Full-year 2025 adjusted earnings per diluted share guidance raised to $2.40 to $2.65 from $1.80 to $2.20.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.